fankhauser: All Thomas Cook bookings have been canceled, the UK Civil Aviation Authority tweeted, according to CNN. Peter Fankhauser, Thomas Cook's chief executive, apologized to customers, employees, suppliers and partners. The 178-year-old company said in a statement that its board concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect after talks on a financial rescue failed. This marks a deeply sad day for the company which pioneered package holidays and made travel possible for millions of people around the world, Fankhauser said. I know that this outcome will be devastating to many people and cause a lot of anxiety stress and disruption, he added. Despite huge efforts over a number of months, and further intense negotiations in recent days, we have not been able to secure a deal to save our business.
(news.financializer.com). As
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